Raymond James Financial Inc. bought a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,588 shares of the construction company's stock, valued at approximately $6,410,000. Raymond James Financial Inc. owned about 0.07% of TopBuild as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of BLD. Sheaff Brock Investment Advisors LLC boosted its stake in shares of TopBuild by 0.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock worth $1,681,000 after buying an additional 40 shares during the last quarter. Pathstone Holdings LLC raised its stake in shares of TopBuild by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company's stock worth $1,712,000 after purchasing an additional 41 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after buying an additional 42 shares during the last quarter. Point72 DIFC Ltd grew its position in TopBuild by 1.8% during the third quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company's stock valued at $1,031,000 after buying an additional 46 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in TopBuild by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock worth $301,000 after buying an additional 48 shares during the last quarter. Institutional investors own 95.67% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on BLD shares. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group reduced their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Benchmark lowered their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, TopBuild has a consensus rating of "Moderate Buy" and an average target price of $403.88.
Read Our Latest Analysis on BLD
TopBuild Price Performance
Shares of BLD traded down $5.06 during trading hours on Friday, reaching $305.95. 369,054 shares of the company's stock traded hands, compared to its average volume of 308,976. TopBuild Corp. has a 12 month low of $288.31 and a 12 month high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a market cap of $8.95 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The firm's 50 day simple moving average is $320.73 and its 200-day simple moving average is $349.70.
TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $4.69 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.
About TopBuild
(
Free Report)
TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.
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